New Delhi, Aug 11 (IANS) Union Finance Minister Nirmala Sitharaman was all set to introduce revised Income Tax Bill 2025 in the Lok Sabha on Monday.The updated Income Tax Bill 2025 incorporates 285 suggestions from the Parliamentary Select Committee. The new legislation aims to simplify tax processes and address previous shortcomings, potentially reshaping the income tax landscape in the country.Last week, the Income Tax Bill, 2025, which was introduced in the Lok Sabha on February 13 to replace…

Seoul, Aug 11 (IANS) Agriculture ministers of South Korea, China and Japan held a meeting on Monday to discuss food security, animal disease response, sustainable farming and other issues, ending a seven-year hiatus in the countries’ trilateral talks, Seoul’s agriculture ministry said.South Korean Agriculture Minister Song Mi-ryung met with her counterparts from China and Japan — Han Jun and Shinjiro Koizumi, respectively — in Incheon, about 30 kilometers west of Seoul, to resume the trilatera…

Seoul, Aug 11 (IANS) Customs authorities here said on Monday they have uncovered 19 companies accused of evading anti-dumping duties worth a combined 42.8 billion won ($30.8 million) while importing low-priced hot-rolled steel plates.The companies allegedly avoided paying duties by declaring their goods under product codes not subject to anti-dumping duties, according to the Korea Customs Service.Some also reportedly used the names of suppliers eligible for lower tariff rates without authorisati…

Mumbai, Aug 11 (IANS) Indian benchmark indices started the week higher on Monday, led by gains in the PSU bank stocks. The BSE Sensex advanced 122 points or 0.15 per cent to 79,980 while the Nifty 50 inched up to 24,405, up 42 points or 0.17 per cent. The Nifty Bank rose 0.34 per cent to 55,194.Broader market indices also saw buying activity, with the BSE SmallCap adding 0.16 per cent and the BSE MidCap climbing 0.19 per cent. Last week, the Nifty and Sensex fell by nearly one per cent each.“N…

New Delhi, Aug 11 (IANS) Elon Musk-run electric car-maker Tesla was all set to enter the national capital on Monday with opening its second showroom in India.The US automaker was set to inaugurate its showroom in the upscale Worldmark 3 complex at Aerocity in the national capital.It will cater to customers in the national capital region — a key hub for India’s electric mobility push.Tesla’s India portfolio currently includes the Model Y electric SUV in two configurations. The standard Rear-Wh…

Bhopal, Aug 10 (IANS) Madhya Pradesh has registered its highest-ever export value of Rs 66,218 crore in the financial year 2024–25, marking a 6 per cent year-on-year growth and propelling the state’s national export ranking from 15th to 11th, according to the latest report by the Federation of Indian Export Organisations (FIEO). A statement released by state government quoting the report said, the surge has been driven primarily by robust performance in pharmaceuticals, engineering goods, an…

Chennai, Aug 10 (IANS) An Air India flight travelling from Thiruvananthapuram towards Delhi, carrying several senior political leaders, was forced to make an emergency landing at Chennai airport late on Sunday, following a suspected radar malfunction. Flight AI 2455, which took off from Thiruvananthapuram, had among its passengers, four MPs from Kerala — Congress General Secretary K.C. Venugopal, UDF Convenor Adoor Prakash, senior Congress leader Kodikunnil Suresh, and K. Radhakrishnan — along…

Seoul, Aug 10 (IANS) The government and the ruling Democratic Party (DP) agreed on Sunday to deliberate on the Lee Jae Myung administration’s recent proposal to broaden the definition of large shareholders to increase capital gains tax revenues.The two sides held a high-level meeting presided over by Prime Minister Kim Min-seok at his official residence and discussed the controversial proposal to lower the threshold for being classified as a large shareholder from 5 billion won (US$3.59 million)…

Mumbai, Aug 10 (IANS) At least 5,200 ticketless travellers were detected and penalty amounting to Rs 13.50 lakh collected in course of ticket checking operation at Borivali station in just a single day, Railways Ministry said on Sunday.Western Railway’s Mumbai Central Division has launched a thoughtful and ethically grounded initiative — the NAMASTE Abhiyan, short for “NAMrata Aur Strong Ticket Examination.”The campaign is a philosophy that merges humility, ensuring rule enforcement with…

New Delhi, Aug 10 (IANS) India’s ambassador to the United States, Vinay Mohan Kwatra, has met influential US Senator Lindsey Graham amid the stalemate in trade talks between the two countries and the Trump administration’s decision to impose penal tariffs on countries buying Russian oil.”Spoke to Senator Lindsey Graham and shared with him the Indian perspective on our energy security, including increasing energy trade with the United States,” Kwatra said in a post on X.This comes a day after Gra…